• Infrapink@thebrainbin.org
    link
    fedilink
    arrow-up
    3
    ·
    4 hours ago

    This has actually been tried. It’s called [https://en.wikipedia.org/wiki/Demurrage_currency](demurrage currency). Basically, every note decreases in value every week: in 1930s Austria, this was accomplished by requiring people to get regular stamps to keep their money good, but every stamp reduced the value of the note.

    This encourages people to spend money instead of hoarding it, but the obvious downside is that it makes saving functionally impossible.